Yes, I got involved with the GrantCoin idea early on-- I guess they now have renamed it "Manna" and are redesigning how they do things. Not sure what will come of it... for the moment, the contributions are extremely low (by western standards), but it always seemed unclear how they proposed to fund the project. I think VivaCoin is pursuing a somewhat similar ideal.
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VivaCoin: indeed, I looked into before they went ICO, but also with their idea, wondering how the finance it. I think they may dream the coins gets some value by itself, through trading and investing. But I dont think that is a sustainable model.
Sadly, a lot of these projects have beautiful ideals, but we end up with the more functional "how does this sustain itself?" and most of the time nobody has any idea. You can't just have "output," you have to have input, as well... something to make it attractive enough to investors that they will pump assets into it. Something for something, not something for nothing.
I agree with you!